Alphabet (NASDAQ:GOOGL) Major Shareholder 2019 Gp L.L.C. Gv Sells 63,297 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGL) major shareholder 2019 Gp L.L.C. Gv sold 63,297 shares of Alphabet stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $19.06, for a total value of $1,206,440.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

2019 Gp L.L.C. Gv also recently made the following trade(s):

• On Monday, July 20th, 2019 Gp L.L.C. Gv sold 18,386 shares of Alphabet stock. The stock was sold at an average price of $18.87, for a total transaction of $346,943.82.
• On Friday, July 17th, 2019 Gp L.L.C. Gv sold 20,534 shares of Alphabet stock. The stock was sold at an average price of $18.68, for a total transaction of $383,575.12.
• On Friday, July 24th, 2019 Gp L.L.C. Gv sold 23,417 shares of Alphabet stock. The stock was sold at an average price of $18.88, for a total transaction of $442,112.96.
• On Friday, May 15th, 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25.
• On Thursday, May 14th, 2019 Gp L.L.C. Gv sold 60,077 shares of Alphabet stock. The stock was sold at an average price of $23.01, for a total transaction of $1,382,371.77.

Alphabet Stock Up 2.2%

Shares of GOOGL opened at $333.71 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $187.82 and a 12 month high of $408.61. The firm’s 50 day moving average is $360.45 and its 200-day moving average is $339.07. The stock has a market capitalization of $4.04 trillion, a PE ratio of 16.76, a P/E/G ratio of 0.95 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Equities research analysts forecast that Alphabet Inc. will post 19.79 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s payout ratio is currently 4.42%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Morgan Stanley set a $400.00 target price on Alphabet and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Zacks Research raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Rothschild & Co Redburn increased their price objective on shares of Alphabet from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Loop Capital raised their target price on shares of Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Truist Financial set a $420.00 target price on shares of Alphabet and gave the company a “buy” rating in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $419.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GOOGL. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet during the fourth quarter worth $32,000. EMC Capital Management bought a new position in shares of Alphabet in the 4th quarter valued at $33,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at $52,000. Finally, Kentucky Trust Co grew its position in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s second-quarter results showed $119.80 billion in revenue and $112.19 billion in net income, while Google Cloud growth and early AI monetization helped reinforce the long-term investment case. Several analysts remain bullish; Phillip Securities upgraded the stock to “strong buy,” and KeyCorp raised its fiscal 2028 EPS estimate to $17.88 while maintaining an “Overweight” rating and a $445 price target. Alphabet Q2 earnings analysis
• Positive Sentiment: Alphabet continues to attract support from value investors and dip buyers, with reports indicating that prominent investors increased their positions. The company also secured a multiyear agreement to bring Peacock content to YouTube Premium subscribers, potentially strengthening YouTube’s subscription and content ecosystem. Investors increase Alphabet positions
• Neutral Sentiment: The broader technology market is volatile ahead of major Big Tech earnings and the Federal Reserve’s interest-rate decision. That macro uncertainty may be contributing to sharp moves in Alphabet despite its strong fundamentals. Wall Street rebounds ahead of FOMC
• Negative Sentiment: The primary overhang is Alphabet’s plan to spend roughly $195 billion to $205 billion on 2026 capital expenditures, largely for AI infrastructure. Investors are questioning whether the spending will generate adequate returns after Alphabet reportedly posted negative free cash flow for the first time as a public company and paused buybacks under its prior program. A proposed $69.24 billion Class C stock shelf could also raise dilution concerns. Alphabet AI spending and cash concerns
• Negative Sentiment: Alphabet faces additional legal and regulatory risk. European rivals are lining up potential private damages claims after Google lost an initial case under new EU competition rules, while Waymo faces possible federal requirements concerning emergency-response procedures. Major-shareholder sales disclosed in recent SEC filings are a smaller, but potentially negative, sentiment signal. Google faces potential European damages claims

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.